I am trying to understand the relationship between the wedge product and linear subspace. Let $e_1,\cdots, e_4$ be the standard basis of $\mathbb{R}^4$. The wedge product $$(e_1+2e_2)\wedge (3e_1+e_3+e_4) $$ can be thought of as the oriented linear subspace generated by the vectors $e_1+2e_2$ and $3e_1+e_3+e_4$.
Upon expanding we get $$e_{13}+e_{14}-6e_{12}+2e_{23}+2e_{24},$$ where $e_{ij}=e_i\wedge e_j$. Each $e_{ij}$ can be thought of as the linear subspace spanned by $e_i,e_j$. But what role do the coefficients $1,1,-6,2,2$ play?
As you mention in the comments, there is a 1-1 correspondence between subspaces and unit simple $m$-vectors in $\wedge^m\mathbb R^n$. When you expand out $v_1\wedge v_2$ in a basis, the result is no longer a simple $2$-vector but a linear combination of simple $2$-vectors, so you should not try to interpret the coefficients of this expansion as having geometric meaning.